|
Video: What is a Stock Split?
|
|
Virginia National Bankshares is a bank holding company. Through its subsidiary, Virginia National Bank (the Bank), Co. is engaged in a general commercial and retail banking business. The Bank provides a range of banking and related financial services, including checking accounts, negotiable order of withdrawal accounts, money market deposit accounts, certificates of deposit, individual retirement accounts, Certificate of Deposit Account Registry Service, Insured Cash Sweep® and other depository services. Other services provided by the Bank include automated teller machines, internet banking, treasury and cash management services and merchant card services. According to our VABK split history records, Virginia National Bankshares has had 2 splits. | |
|
Virginia National Bankshares (VABK) has 2 splits in our VABK split history database. The first split for VABK took place on June 13, 2011. This was a 115 for 100 split, meaning for each 100 shares of VABK owned pre-split, the shareholder now owned 115 shares. For example, a 1000 share position pre-split, became a 1150 share position following the split. VABK's second split took place on April 02, 2018. This was a 105 for 100 split, meaning for each 100 shares of VABK owned pre-split, the shareholder now owned 105 shares. For example, a 1150 share position pre-split, became a 1207.5 share position following the split.
When a company such as Virginia National Bankshares splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the VABK split history from start to finish, an original position size of 1000 shares would have turned into 1207.5 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Virginia National Bankshares shares, starting with a $10,000 purchase of VABK, presented on a split-history-adjusted basis factoring in the complete VABK split history.
Growth of $10,000.00
With Dividends Reinvested
|
Start date: |
04/28/2014 |
|
End date: |
04/24/2024 |
|
Start price/share: |
$20.54 |
|
End price/share: |
$24.60 |
|
Starting shares: |
486.85 |
|
Ending shares: |
643.85 |
|
Dividends reinvested/share: |
$8.88 |
|
Total return: |
58.39% |
|
Average Annual Total Return: |
4.71% |
|
Starting investment: |
$10,000.00 |
|
Ending investment: |
$15,842.61 |
|
Years: |
10.00 |
|
|
Growth of $10,000.00
Without Dividends Reinvested
|
Start date: |
04/28/2014 |
|
End date: |
04/24/2024 |
|
Start price/share: |
$20.54 |
|
End price/share: |
$24.60 |
|
Dividends collected/share: |
$8.88 |
|
Total return: |
63.01% |
|
Average Annual Total Return: |
5.01% |
|
Starting investment: |
$10,000.00 |
|
Ending investment: |
$16,302.28 |
|
Years: |
10.00 |
|
|
|
Date |
Ratio |
06/13/2011 | 115 for 100 | 04/02/2018 | 105 for 100 |
|
|